Northwest Clothing Supply has the following transactions during the year related to stockholders' equity:

January		1		Issues 3,000 shares of no-par value common stock for $24 per share.
March		15		Issues 700 shares of $20 par value preferred stock for $23 per share.
December		1		Declares a cash dividend of $4 per share to all stockholders of record (both common and preferred) on December 15.
December		15		Northwest Clothing Supply has fixed the Record Date for both common and preferred shares as December 15.
December		31		Pays the cash dividend declared on December 1.

Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Jan 01

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Mar 15

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 01

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 15

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31